Community Development Committee Agenda

Standing Committee of the City Council, Minneapolis, Minnesota

Regular Meeting

February 28, 2006

1:30 p.m. - Room 317 City Hall

Committee Members Present: Council Members Goodman, Samuels, Remington, Gordon (quorum 4)

Committee Members Absent: Council Members Benson, Lilligren

Council Committee Coordinator: Irene Kasper (612) 673-2219

Presentation

Metropolitan Council Livable Communities Grant Awards: Livable Communities Demonstration Account (LCDA) Grants; Local Housing Incentives Account (LHIA) Grants; & Tax Base Revitalization Account (TBRA) Grants presentation by Metropolitan Council Members Annette Meeks & Lynette Wittsack.

Award certificates received for LCDA: Heritage Park; Midtown Exchange Condos on the Greenway; LHIA: Village in Phillips-Phase II; TBRA: Washington Court Apartments; Greenway Terrace II; Humboldt Industrial Park; Nicollet & 38 th St; Midtown Exchange II/Sears; 714-718 Washington Ave N.

Set Public Hearing for 3/21/06 at 1:30 p.m.

1. Health Partners, Inc (2220 Riverside Ave S):

Consider authorization to reallocate revenue bond proceeds from the Series 2003 Revenue Bonds issued jointly by the City of Minneapolis and the St. Paul HRA.

Public Hearings 1:30 p.m.

2. 1838 Dupont Ave N Land Sale:

a) Authorize execution of redevelopment contract & land sale documents to Bobbie Fern for $32,000, subject to conditions in staff report;
b) Authorize CPED appropriation increase of $32,000 ( Also in W&M/Budget

Action Taken: Approved.

3. 3434, 3838 & 3442 - 4 th St N Land Sale:

Approve sale of properties to Twin Cities Habitat for Humanity, Inc for $1 for each property, subject to the following conditions: 1) land sale closing must occur on or before 30 days from date of the developer receiving the results of the soil tests to be done on the lots; & 2) payment of holding costs of $150.00 per month per parcel from the date mentioned in first condition. The sale conditions may be waived or amended with approval of the CPED Director.

Action Taken: Approved.

4. EDBAR Family Limited Partnership/Ambassador Press (1400 Washington Ave N):

Consider resolution giving final approval to the issuance of up to $8,500,000 in Tax-exempt & Taxable Limited Tax Supported Development Revenue Bonds for the expansion, equipping and refinancing of existing debt for a manufacturing facility ( Also in W&M/Budget

Action Taken: Approved.

5. 2400, 2401, 2415, 2417 & 2419 Bloomington Ave S (re Village in Phillips Phase 2 Redevelopment Project):

a) Approve sale of properties to Powderhorn Residents Group, Inc for $153,078;
b) Consider resolution approving Phase 2 Tax Increment Finance (TIF) Plan & District, Modification No. 1 to the Village in Phillips, Phase 1 TIF Plan and Modification No. 2 to the Village in Phillips Redevelopment Plan;
c) Consider resolution authorizing issuance of a pay-as-you-go tax increment revenue note in an amount not to exceed $484,900;
d) Authorize amendment to 2006 General Appropriation Resolution by establishing the CPED Fund CVQ0 & appropriating $10,000 to said fund;
e) Approve Term Sheet & authorize staff to negotiate & execute necessary agreements ( Also in W&M/Budget

Action Taken: Approved.

6. 1401 Central Ave NE:

a) Approve development concept described in report;
b) Approve resolution authorizing acquisition of property, tax forfeit land, from the State of Minnesota;
c) Approve resolution authorizing the sale to Locus Architecture, Inc. or an affiliate/related entity;
d) Authorize execution of the purchase agreement with Hennepin County; authorize execution of the Redevelopment Contract with Locus Architecture, Inc. or an affiliate or a related entity as described in report;
e) Authorize CPED appropriation increase & increase in revenue budget of $121,349.80 ( Also in W&M/Budget

Action Taken: Approved.

7. University Gateway Corporation (re McNamara Alumni Center University of Minnesota Gateway Project, 200 Oak St SE):

Consider resolution approval to the issuance of up to $35,400,000 in Tax-exempt 501 (c)(3) Refunding Revenue Bonds to advance refund of the outstanding 1997A and 1997B Tax-exempt Bonds used to construct the McNamara Alumni Center.

Action Taken: Approved.

8. Minneapolis Leased Housing Associates I, LP (re Dominium Group, Inc Project, 333 E 25 th St & 2738 Stevens Ave S):

Consider resolution granting preliminary approval to the issuance of bonds in an amount up to $1,420,000 in Tax-exempt Multi-family Housing Revenue Entitlement Bonds to finance the acquisition and renovation of 12 two-story multifamily rental townhouse units.

Action Taken: Approved.

9. MFW Properties, LLC (re Washington Court Apartments, 2101 Washington St NE):

a) Consider resolution giving preliminary approval for issuance of up to $4,500,000 of Tax-exempt Multi-Family Housing Entitlement Revenue Bonds to finance acquisition and construction of a 38-unit multi-family rental housing facility;
b) Authorize continued analysis of proposal;
c) Authorize negotiation of terms & conditions of a redevelopment contract with MWF Properties, LLC or affiliated entity;
d) Authorize preparation of redevelopment plan & tax increment financing plan;
e) Approve up to $380,000 of 2005 Affordable Housing Trust Fund & execute necessary documents.

Action Taken: Approved.

Joint Public Hearings with Mpls Community Development Agency

10. Courage Center Facilities:

Consider resolution giving preliminary & final approval to the issuance of up to $1 million in Tax-exempt 501(c) Bank Qualified Bank Direct MCDA Revenue Bonds, Series 2006, to finance various improvements and equipping of the headquarters facility at 3915 Golden Valley Rd, and various improvements and equipping of the Camp Courage facility at 8046 - 83 rd St NW in the City of Maple Lake, MN
( Refer to MCDA Board

Action Taken: Approved.

11. DeLaSalle High School (One DeLaSalle Dr):

Consider resolution giving preliminary & final approval to the issuance of up to $1.8 million in Tax-exempt 501(c)(3) Bank Qualified Bank Direct MCDA Revenue Bonds, Series 2006, to refinance existing bank debt that was used to finance the construction in 2002 of a new gymnasium and to remodel classrooms
( Refer to MCDA Board

Action Taken: Approved.

Consent Items

12. Heritage Housing, LLC:

Authorize negotiation of a Term Sheet for 30 days.

Action Taken: Continued to next meeting (3/21/06).

13. Hennepin County 2005 Transit-Oriented Development (TOD) Grant:

a) Accept grant for $274,000 for pedestrian lights to be installed in public right-of-way & authorize grant agreement;
b) Authorize CPED appropriation increase & revenue budget increase of $274,000 ( Also in T&PW and W&M/Budget

Action Taken: Approved.

14. Environmental Remediation Grants:

a) Accept Metropolitan Tax Base Revitalization Account (TBRA) Grants for the following projects: 718 Washington Ave N, $275,000; Humboldt Industrial Park, $207,000; Greenway Terrace (supplemental), $13,500; Midtown Exchange (supplemental), $243,000; Washington Court Apartments, $200,000; 38 th & Nicollet, $221,400;
Accept MN Department of Employment and Economic Development Grants for the following projects: 718 Washington Ave N, $11,287; Humboldt Industrial Park, $243,000; Washington Court Apartments, $84,350;
Accept Hennepin County Environmental Response Fund (ERF) Grants for the following projects: 718 Washington Ave N, $45,261; Humboldt Industrial Park, $200,000; Washington Court Apartments, $200,000; 38 th & Nicollet, $210,040.
b) Authorize CPED appropriation increases & revenue budget increases reflecting receipt of grant funds;
c) Authorize execution of grant, subrecipient and/or disbursement & related agreements for these grants ( Also in W&M/Budget)

Action Taken: Approved.

15. Metropolitan Council Livable Communities Demonstration Account (LCDA) Grants & Metropolitan Council Livable Communities Local Housing Incentives Account (LHIA) Grant:

a) Accept & appropriate LCDA Grants of $1,000,000 (Heritage Park); $450,000 (Ripley Gardens); and $600,000 (Midtown Exchange Condos on the Greenway); $150,000 for Village in Phillips Phase II 2;

b) Authorize CPED appropriation increases & revenue budget increases reflecting receipt of grant funds;
c) Authorize execution of grants to implement the LCDA grants with the Metropolitan Council, Central Community Housing Trust (or affiliated entity as general partner) and Project For Pride In Living (or affiliated entity as general partner) and the Metropolitan Council Livable Communities LHIA grant with Powderhorn Residents Group ( Also in W&M/Budget

Action Taken: Approved.

16. Lowell Curve Project (1900 Willow Ave):

Approve use of Community Development Block grant Homeownership Program Funds in an amount not to exceed $77,000 to cover unforeseen infrastructure site improvements & winter construction costs; Authorize execution of necessary documents ( Also in W&M/Budget

Action Taken: Approved.

Discussion Items

17. 2006 Preliminary Planning Fund Allocations:

Approve allocations set forth in staff report.

Action Taken: Approved.

18. Riverside Plaza, LP & Crablex, Inc:

a) Approve agreement for Mutual Vehicular Access;
b) Authorize access agreement & related documents;
c) Authorize CPED appropriation increase of $765,000 ( Also in W&M/Budget

Action Taken: Approved, as amended with appropriation amount increased to $925,000.

Notice: A portion of this meeting may be closed to the public pursuant to Minnesota Statutes Section 13D.03 or 13D.05.

Next Regular CD Meeting: 3/21/06

Next City Council Meeting: 3/10/06

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Last updated Oct. 18, 2011